Daily Market Analysis
2024-07-09
Review our intraday commentary to learn how we interpret price action and build a market narrative.
Drag the blue slider to reveal the day's price action. Dots on the timeline represent comments and can be clicked. View the table below for all market-related comments and annotated charts (including those from after hours).
Abbreviated Comments View all
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| 09:32:30 Pete |
Trade with confidence leaning on the longer time frame and know that the signals are sensitive. If an exit is warranted, you will get a sell signal. Until then, stick with the trade. This should allow you to ride trades... |
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| 09:35:22 Pete |
When you have a stock you really like, go back and see how this method would have performed using the linked charts with a longer and shorter time frame. The key is that you need a stock that moves. Anything... |
| 09:36:57 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY - Nothing has changed overnight and the next news event is the CPI Thurs. Yes, Powell testifies before Congress today. There will not be anything new and politicians will take this opportunity to "grand stand". |
| 09:37:19 Pete |
Gap up, wait for the bid check. You know one is coming. |
| 09:53:42 Pete |
Bulls want to see the high from Mon hold during the pending bearish 1OP cycle. That would be a sign that buyers are supporting the gap up. We have to wait thru a bear cycle to determine if this is... |
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